Non-contact Sensors Market

Global Non-contact Sensors Market Size (2024 to 2029)

The global non-contact sensors market is predicted to reach USD 15.04 billion in 2024 and USD 33.69 billion by 2029, growing at a CAGR of 17.5% during the forecast period.

As technology advances, the demand for instrumentation and automation has continuously increased over time, with the highest possible demand expected shortly. Noncontact sensors across a wide range can detect changes in the electromagnetic field of light. Therefore, the worldwide noncontact sensor market's demand has been steadily expanding and is predicted to increase at a CAGR in the double digits over six to seven years.

MARKET DRIVERS

For the last several years, noncontact sensors have experienced the high demand in consumer electronics and automobile vehicles primarily including cars, trucks, and buses. They are emerging as new trends in the noncontact sensor industry.

Increased adoption of noncontact sensors in various sectors such as healthcare, logistics, and defense, as well as the need for advanced security solutions in automobiles, dramatically rising demand for non-contact sensors in industrial applications to save energy, and increased demand in military applications for target detection such as in drones and aircraft, are the key growth drivers of the global noncontact sensor market. Noncontact sensors have a wide range of applications in industrial, consumer electronics, medical, automotive, security & defense, and entertainment, due to the expanding use of process controls and sensing elements in numerous industries. The use of non-contact sensor technology inaccurate measurement is expanding at a rapid pace these days. These sensors can detect magnetic fields without touching them, leaving no room for friction. Noncontact sensor technology can provide anti-pollution features, dependable measurement, and high precision to end-users. Noncontact sensors have a higher resolution and a longer service life than contact technology sensors.

Furthermore, the noncontact sensors employ wear-free technology. These sensors allow for frictionless moving parts, which eliminates wear and tear as well as mechanical failure. The demand for noncontact position sensors in automobiles has increased in recent years, owing to the increasing requirement for high-speed precision control and escalating active vehicle safety to build improved driver support systems.

MARKET RESTRAINTS

High replacement and deployment costs, a lack of privacy, a lack of customization, and its complexity are some of the factors limiting the worldwide noncontact sensor market's growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS 

Global Non-contact Sensors Market Analysis By Type

The market is segmented into pneumatic non-contact sensors, noncontact electric sensors, and other sensors. Pneumatic non-contact sensors account for a sizable portion of the global market. Noncontact pneumatic sensors are ideal for tight tolerance applications in closed, harsh, or difficult-to-reach places and dangerous environments due to their increased reliability, high precision, and compact size. End-users can benefit from the fast reaction, high sensing accuracy, and robust self-cleaning architecture. These sensors are ideal replacements for mechanical valves and electrical switches.

Global Non-contact Sensors Market Analysis By Vehicle Type

The market is segmented into passenger cars and commercial vehicles. Rapid expansion in the world's demographic rate, breakthroughs in-vehicle technology advancements, improvements in people's living standards, and an increase in the population's disposable money are driving vehicle sales and manufacturing worldwide. Furthermore, the adoption of technologically advanced functionalities such as advanced driver assistance systems, telematics, and V2X communication systems in passenger cars is gaining popularity, raising the demand for noncontact sensors in automobiles.

REGIONAL ANALYSIS

The non-contact sensors market is divided into four regions: North America, Europe, the Asia Pacific Region, and the rest of the world. The Asia Pacific region has the highest revenue position in the noncontact sensors market, which is predicted to rise over the next decade. Developing Asian countries include China and India, are the nation's top manufacturers of gadgets and vehicles owing to the availability of raw materials, low labor costs, and the introduction of advanced technologies. Furthermore, the rapid development of the manufacturing industry and the enormous demand for new vehicle tools and components in the Chinese market are projected to fuel regional growth in the coming years.

KEY MARKET PARTICIPANTS

Major key Players in the Global Non-Contact Sensors Market are

• Robert Bosch GmbHContinental AG
• Ametek Inc.
• Sensata Technologies, Inc.
• Sick AG
• TE Connectivity Ltd.
• Emerson Electric Co.
• Heidenhain Corporation
• Honeywell International, Inc.
• Hans TURCK GmbH & Co. KG
• Balluff Inc.
• MTS System Corporation

RECENT HAPPENINGS IN THE MARKET

• Variohm EuroSensor has introduced a novel polyimide-sleeved, high-tolerance NTC thermistor for high-sensitivity medical instruments and industrial temperature measurement applications. The new ENTC-MP-10k3977-01, which expands its ENTC thermistor range, is specifically developed to detect modest mid-range temperature changes in non-condensing moisture environment temperature sensing activities.

• Sensata will showcase its extensive range of IoT sensor-based solutions that enable smart factories and machine health monitoring applications at the Smart Production Solutions exhibition, which will take place in Nuremberg, Germany, from November 23 to 25, 2021.

• AHLBORN's new wireless sensor type FY 1700-1CO2 has an integrated sensor module for monitoring carbon dioxide, air temperature, and air pressure. This enables, for example, assessing air quality by measuring CO2 concentrations and evaluating the quality of stay (comfort index) by measuring the air temperature. In addition, the time-synchronous measurement can build a meaningful room profile if numerous wireless sensors are spread across the space. Thus, there is no need for intricate cabling.

• SONOTEC debuts ultrasonic flow sensors at SEMICON Europa on October 21, 2021. SONOTEC and its key distribution partner S3 Alliance will co-attend SEMICON Europa (November 16-19, 2021) in Munich at shared exhibit B11003 in the hall after a year of fruitful collaboration B1. SONOTEC exhibits, among other semiconductor-related products, its noncontact SEMIFLOW® flow sensors, which are distributed throughout Europe by S3 Alliance.

• Hydreon Corporation (Minneapolis, MN) has introduced the new RG-9 precipitation sensor, which is low cost, low power, durable, and reliable. It detects rainfall using infrared light beams. As a result, the sensor is resistant to dirt, dust, insects, birds, and other annoyances that can afflict sensors. In addition, it is highly suited to solar-powered applications due to its low power consumption. The RG-9 detects droplets as small as a millimeter, and its threshold can be changed to trigger at whatever intensity of rainfall the application requires. In addition, because the gadget has serial output, the user's equipment can alter the trip thresholds as needed.

DETAILED SEGMENTATION OF THE GLOBAL NON-CONTACT SENSORS MARKET INCLUDED IN THIS REPORT

This research report on the global non-contact sensors market has been segmented and sub-segmented based on the type, vehicle type, and region. 

By Type

• Pneumatic non-contact sensors
• Electric non-contact sensors
• Other sensors

By Vehicle Type

• Passenger cars
• Commercial vehicles

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa